The potential for new values and products created by technology convergence to disruptively transform existing industries and markets is high. In this regard, it has been crucial for companies to understand and identify potential convergence patterns as early as possible to make timely strategic...

This chapter summarizes the basic characteristics of patent data as an innovation indicator and reviews some of the recent research using patent data, focusing on major developments since Griliches in 1990 [Griliches, Z. (1990). “Patent statistics as economic indicators: A survey”. Journal...